Shengyang Technology (603703.SH) plans to raise funds of up to 1.076 billion yuan for projects such as intelligent manufacturing of satellite internet communication terminals.

Zhtng Cijng APP News, Shngyng Kj (603703.SH) issued an announcement, the company intends to issue shares to specific objects, with a total fundraising amount not exceeding 1.076 billion yuan (including this amount). The net proceeds from the fundraising, after deducting issuance expenses, will be used for: Satellite internet communication terminal intelligent manufacturing project, new type of intelligent display device intelligent manufacturing project, and supplementing working capital.